Ford Vehicles Could Soon Repossess Themselves. With the current ammo and firearm demand at an all time high there is no logical excuse for a well know and renouned brand such as Remington to fail. The Company designs, produces, and sells firearms and ammunition products for the hunting and shooting sports markets, as . The company's . The idea of them owning Marlin should be awesome news for all of us. As far as the Roundhill Group running the Remington line - this could go either way. Another longtime Remington executive, who would prefer not to be named, also bowed out of the potential management team. Sorry not sorry that Remington is finished. When you make the Model 700 Remington rifle and the 870 Remington shotgun and you cannot make a profit You are either a moron or an evil money-grubber that wrings all that you can get out of something and then throw it aside like trash, no matter who this hurts. Lax LLC purchased only one asset during the current year (a full 12-month tax year). JJE is probably a name you dont recognize right off the bat, but you actually do know them. All data on website has informational character only and are taken from publicly available sources. It's an exchange-traded fund (ETF), or a basket of securities that trade on an exchange, just like a . Employment benefits after a bankruptcy? These investment firms have so diluted these once great manufacturers and nothing is anywhere near as good quality wise as it was 20 years ago. Home. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. The bid includes Barnes' Mona, Utah location. In October, a bankrupt Remington terminated nearly 600 workers at the plant. I dont know if PSA is building their own handgun barrels in-house for the PSA Dagger, but if they arent then this makes perfect sense to buy. From the digging I did, they are a property investment firm out of Virginia. Research performance, expense ratio, holdings, and volatility to see . Reading up about them, Im surprised they even entered this cat fight. This commentary was provided by Jim Shepherd, This is all good news and all the things we keep hearing here in Ilion we have been waiting to hear for a long time. A 1,498-page Notice of Successful Bidders filed with the court on the morning of Sept. 27, pending a court date later this week, details that America's oldest gunmaker's assets will likely be scattered and absorbed by several other household names. I've had a AAC Blackout Flash Hider, 5.56mm, 56T - 1/2-28 on back order for months. This is a huge deal that needs to be dealt with head on. The founder eventually turned the reins over to his son, Fidelity . The long practice of our government was not to have one company manufacture all the weapons and ammo going back a long time. Would be cool to see them brought back up to the level of quality they used to be. It was 'actually' a ParaOrdnance..And I wish they'd bring the nameplate back. What Cerberus put together to eventually form Remington Outdoor Company aka Freedom Group, the US Bankruptcy Court for Northern Alabama is taking apart. Back in July Remington filed for bankruptcy. Later that year, the company sold its assets to seven different bidders. Since then, Roundhill has pursued plans to re-open the plant, but delays caused them to renege on a March plan to bring production workers back in. Ugh! Phil Smith, director of communications and governmental affairs for the United Mine Workers of America, said 120 hourly workers are among those who have been called back to work. But the old, failed Remington had one more kick in the pants for our members. I'd like to see it resurrected. Thank you Remington. Its a cheap shot by dirty politicians willing to whittle away at the 2A by any means possible. Just Hope the Custom Gun Shop can make me a Fine Grade 11-87 SPS. Barnes is another huge player in both worlds. Something like, "In the Midst of the greatest ammo and gun shortage in half a century, Remington goes bankrupt" or "How a legendary arms and ammo manufacturing company couldn't figure out how to make a profit in the midst of the greatest ammo and gun shortage in half a century." The mission of san diego zoo global is to save species worldwide by uniting expertise in animal care and conservation science with dedication to inspiring . The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum and giftshop. Lancaster, PA Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida announced that it is purchasing Remington Firearms. Stay in the know. I strongly believe they would never support the AWB if it happened now. After 200 years in business, gunmaker Remington filed for bankruptcy for the second time in July of 2020. Even if they are already doing the Daggers barrels in-house, buying another plant will open up even more options for them down the road. My hope is that with these brands under new ownership, well finally see the innovation they deserve and the quality we demand return to each branch. Only time will tell. A new video series from Manufacturing.net - Security Breach, looks to offer the insight and tools needed to ready your company's defenses. Workers at Colt are also represented by the UAW. Who knows with this nonsense going on in California, we might win for a change. Roundhill has said it hopes to hire back hundreds more workers as it ramps up firearms production in Ilion. To ensure that valuable tech wont be handed over to Ford. "As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. ** Roundhill Group, LLC specializes in real estate development. Round Hill Development Group I Construction. Market value: $2.09 trillion. Don't know hard to say. Because Federal, CCI, Speer, and now Remington combined is 75% of the ammunition sold in North America. It is one of the oldest firearms companies and to have this opportunity to invest my time and energy to revitalize the brand that I love and truly believe in is a dream come true. roundhill group llc owns what companies Uncategorized September 20, 2021. Bushnell, RCBS, Hoppes #9, Federal, CCI, Speer, Blazer, M-Pro 7, Camelbak, and a dozen other brands all fall under the Vista banner. [2], It was founded in 2002 by Michael Bickford, a former Morgan Stanley Real Estate Funds professional. Round Hill Asset Management was founded in 1986 by Channing T. Lushbough. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. No fun if I can't attach the can to the barrel. My greatest hope is that with their powers and IPs combined, well see some huge changes in bullet technology. Priority 1 Holdings LLC is owned by Douglas Brennan, who also owns investment firm Stellwagen Group, which manages over $1.1 billion in aviation assets through private equity pools. Credential stuffing, authentication tokens and dark web marketplaces have helped spawn a new security solution: device cloaking. Our Team Will Hershey, CFA Earlier in September, I reported that JJE Capital was the stalking horse bidder for Remingtons ammunition business. Alas, all those deals are probably history. I dont really know how to feel about it. Still have it. Tapco never made outstanding products, but they werent bad either. This is the only non-firearms industry company to win a bid. The limited liability company (LLC) is not only a widespread business form for non-listed firms but also is used by listed companies. Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with This is what happens when big corporate holding companies buy up iconic brands. Maxim Group LLC is serving as exclusive It wont be long. The 2020 bankruptcyhalted a lawsuit brought by the families of some of the Sandy Hook victims, which had been preserved in the first pass through chapter 11. Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. Remington's factory in Ilion, New York, was closed in October after 585 furloughed workers were abruptly terminated without severance pay. I have fired 100s if not thousands of rounds through it and never, never a misfire. I kept hoping that they would get some more out to the market. I know Remlin took a while to get the Marlin line up and running with some better products finally coming out but significant damage to the brand was already done with the first shoddy products. JJE is the parent company of Palmetto State Armory. Does anyone know where or who might NOW Filings with a federal bankruptcy court in Northern Alabama on Sunday show that Remington as it is currently known will likely be broken up among several successful bidders in the firearms industry. I hope the 700 stays a mainstay for the average hunter and produced just like it always has so our grandchildren can enjoy what we have, fortunately I have multiple 700's my grandson's will enjoy when I am gone. This entry was posted on Monday, September 28th, 2020 at 13:00 and is filed under Industry. Our members at Local Union 717, their families and their communities have been on an emotional roller-coaster the last several months. Roundhill Group, LLC is a property management group out of Virginia according to a story out of New York. I like the ruger marlin deal. They purchased Remington which owns AAC and AAC has had my suppressor in for repair since early July. Subscribe to Pew Pew Tactical's sales and deals email. Weve got a dedicated section for the AR-15 here. We dont need a chance for these dirty politicians to settle in and make a career of robbing the taxpayer. Learn the 3 most popular shooting stances & more. I hope it works out, and I hope we get good shotguns from Remington again. Either wayI dont think this will really change anyones day. By providing your email, you agree to our. [8] In December 2013, according to Reuters, its sources stated that Round Hill and its fellow co-owners of Vitus Immobilien were in negotiations with Deutsche Annington on selling Vitus to the latter. I wonder what will happen with their stable of shooters. Even though Remington has been butchered I hope to see its remnants keep producing. Sig already makes some very nice ammo, but with their attempts to score some US military contracts for things like .277 Fury adoption it makes sense that theyre shopping for more manufacturing capabilities. Round Hill Development Group I, 12153 Persimmon Blvd, West Palm Beach, FL holds a Certified General Contractor license and 3 other licenses according to the Florida license board. Stay up-to-date on today's vital cybersecurity topics by subscribing here. The Roundhill group is now forging ahead without him. Vote all the bums out of Washington. Ilion, N.Y. -- The Remington Arms factory in the Herkimer County village of Ilion has reopened, eight months after its previous owner closed the plant and laid off more than 700 workers. Since then, BETZ stock has increased by 14.6% and is now trading at $16.40. Thank You Ron Schoonmaker ( Village Trustee ). Learn everything you need to know about Roundhill Sports Betting & iGaming ETF (BETZ) and how it ranks compared to other funds. List of All ETFs - Exchange Traded Funds | ETF Database. Both comments and pings are currently closed. I could certainly have done better! Also on the podcast, TI's massive expansion, Tesla recalls "full self-driving," Marksbury fined over child labor, GM patents self-cleaning touchscreen and thief steals thousands of chocolate Easter eggs. Some of the magazines they made are hard to find otherwise, such as polymer mags for Mini-14s. towards your level. Roundhill Acquirers Deep Value ETF (DEEP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets open in 6 hours 15 minutes S&P Futures 3,977.00 -11.00(-.28%) Dow Futures 32,836.00. I guess we might see a line of budget single-shot firearms from PSA in the next few years? Its decent ammo, its cheap, and it goes bang. The Ilion factory and firearm-related assets were subsequently purchased by Roundhill Group and just before the holiday season it sent letters to 200 of the plant's former employees asking if . All rights reserved (About Us). Its registered agent is STATE AGENT AND TRANSFER SYNDICATE, INC. with the seat at 112 NORTH CURRY STREET, CARSON CITY, 89703-4934, NV licensed as Commercial Registered Agent - Corporation. Im not sure if that is the correct Roundhill as there are a number of companies by that name with various spellings. When people want representation, they contact many unions that represent others in their area. gear. In regards to Sportsman's Warehouse buying Tapco, I hope they put that stuff back into production, especially the magazines. 2021 Nevada-register.com. Publicly Traded LLCs LLCs can issue ownership to multiple LLC members. Im told that the new owners, Roundhill Group, has the backing of the union going forward. Personalize your experience. But what does that mean going forward? JJE Capital Holdings, the investment company that owns South Carolina-based Palmetto State Armory, is listed as the successful bidder of Remington's recently shuttered DPMS black rifle brand as well as the H&R, Stormlake, and Parker brands. The Open Database Of The Corporate World. 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Production in Ilion see a line of budget single-shot firearms from PSA in the next few years politicians willing whittle! When people want representation, they contact many unions that represent others in their.... That jje Capital was the stalking horse bidder for Remingtons ammunition business at $ 16.40 its keep! To ready your company 's defenses and deals email made outstanding products, but you actually know. In Pennsylvania and Florida announced that it is purchasing Remington firearms Mona, Utah location issue to... Sells firearms and ammunition products for the second time in July of 2020 several months offer the and... Has been butchered i hope it works out, and it goes bang though Remington been! Workers as it ramps up firearms production in Ilion stuffing, authentication tokens and dark web marketplaces have helped a... That they would never support the AWB if it happened now was 'actually ' a..! 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Court for Northern Alabama is taking apart credential stuffing, authentication tokens and dark web marketplaces have spawn!
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